Summary: We characterize import prices and pass-through elasticities in firm-to-firm trade with two-sided market power and heterogeneity.
Summary: I provide micro-level evidence on importers' market power in input trade and evaluate its effect on the aggregate economy.
Summary: We study the interaction between financial frictions and intangible investment decisions in manufacturing firms and its implications for markups' dynamics.
Monetary Policy, Customer Capital, and Market Power, Journal of Monetary Economics, forthcoming
Summary: We study the macro-level implications of imperfect competition over customer capital in low interest rate environments using novel evidence for the U.S. and a theoretical model.